AN ACT RELATIVE TO GAS OR ELECTRIC COMPANIES DECLARING STOCK OR SCRIP DIVIDEND.
Whereas , The deferred operation of this act would tend to defeat its
purpose, which is to permit forthwith the distribution of certain proceeds upon
approval by the department of telecommunications and energy, therefore, it is
hereby declared to be an emergency law, necessary for the immediate preservation
of the public convenience.
Be it enacted by the Senate and House of Representatives in General Court
assembled, and by the authority of the same, as follows:
Section 11 of chapter 164 of the General Laws, as appearing in the 2000
Official Edition, is hereby
by inserting after the word "stockholders", in line 3, the following
words:- unless the department approves.